News & Analysis

ESG covenants are on the rise in private credit, says Redington

Nearly half of private credit managers had included one in a deal when surveyed last year, said Sarah Miller, senior vice-president at the investment consulting firm, in a video interview at the Impact Investor Global Summit.

-

ESG or sustainability-related covenants are on the rise in private credit, says Sarah Miller, senior vice-president at investment consulting firm Redington.

Miller, speaking in a video interview on the sidelines of the Impact Investor Global Summit in London, said that 45 percent of private credit managers surveyed by Redington last year had done a deal with an ESG covenant. “That could have been increased disclosure or actually reporting on metrics, like carbon,” she explained.